CLEVELAND-CLIFFS INC. (CLF) Open Interest
CLEVELAND-CLIFFS INC. (CLF) has 468,193 call contracts and 246,042 put contracts open across all listed expirations — a put/call open interest ratio of 0.53. Open interest counts the contracts currently outstanding at each strike. This page shows where CLF positioning concentrates, which strikes act as walls, and how the totals have trended over the past year.
Data as of Aug 25, 2026, 3:50 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.
CLF Open Interest by Strike
CLF open interest by strike, all expirations combined — calls in green, puts in red.
| Total call open interest | 468,193 |
| Total put open interest | 246,042 |
| Put/call OI ratio | 0.53 |
| Open interest rank (31 day) | 14 / 100 |
| Call wall (largest call OI) | $15 |
| Put wall (largest put OI) | $8 |
| Top volume strike | $12 |
| Volume / OI ratio | 0.40 |
CLF Open Interest Trend
CLF total call vs. put open interest, past year.
CLF put/call open interest ratio, past year.
A put/call open interest ratio of 0.53 means meaningfully more calls than puts are outstanding — a call-heavy, typically bullish positioning profile. In total, 468,193 call contracts and 246,042 put contracts are open across all listed expirations. The put/call OI ratio has fallen from 0.59 in Feb '26 to 0.53 today.
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CLF Options FAQ
What is CLF's put/call ratio?
CLF's put/call open interest ratio is 0.53 as of Aug 25, 2026, with 246,042 put contracts and 468,193 call contracts outstanding.
Which CLF strikes have the highest open interest?
As of Aug 25, 2026, the largest call open interest sits at $15 (the call wall) and the largest put open interest sits at $8 (the put wall). Strikes with heavy open interest often act as reference levels because a lot of hedging activity is anchored to them.
Is CLF open interest unusually high right now?
CLF's total open interest ranks 14 out of 100 versus the past 31 trading days as of Aug 25, 2026 — toward the bottom of its recent range, so positioning is comparatively light.
Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.
Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.